IONQ Inc · Q2 2025 earnings

Briefing

IONQ Inc reported its Q2 2025 financial results with revenue growth driven by hardware and service contracts amid higher operating costs from acquisitions and R&D.

IONQ posted revenue of $20.7 million for the three months ended June 30, 2025, up 82% year-over-year, primarily from progress on quantum computing hardware arrangements and contributions from recent acquisitions. The company recorded a net loss of $177.5 million, reflecting increased research and development, stock-based compensation, and transaction costs. Cash and cash equivalents stood at $140.1 million with total assets reaching $1.35 billion following business combinations.

• Revenue reached $20.7 million, an 82% increase from Q2 2024, fueled by specialized quantum hardware contracts and acquisition-related revenue.
• Net loss widened to $177.5 million due to elevated R&D spending, stock-based compensation of $99.2 million, and $14.1 million in acquisition transaction costs.
• Completed three acquisitions in Q2 2025, including ID Quantique and Lightsynq, adding $370.7 million in goodwill and expanding quantum networking and computing capabilities.
• Cash position strengthened to $140.1 million with $372.9 million raised via at-the-market offering and warrant exercises during the first half of 2025.

Headline financials

Revenue & EPS history